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The general trend in the manufacturing sector is also upward. After the collapse into the pandemic, in 2020, when the PMI fell below 30 points, it is steadily growing. The peak occurred in June 2024, when the indicator reached 54.9 points.
Recall that the index is formed on the basis of surveys of purchasing managers and reflects their expectations regarding the demand for products. Values above 50 points indicate steady economic growth.